Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.No description of principal activity2022-12-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12464178 2022-12-01 2023-11-30 12464178 2021-12-01 2022-11-30 12464178 2023-11-30 12464178 2022-11-30 12464178 c:Director1 2022-12-01 2023-11-30 12464178 c:Director2 2022-12-01 2023-11-30 12464178 c:RegisteredOffice 2022-12-01 2023-11-30 12464178 d:FurnitureFittings 2022-12-01 2023-11-30 12464178 d:FurnitureFittings 2023-11-30 12464178 d:FurnitureFittings 2022-11-30 12464178 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12464178 d:OfficeEquipment 2022-12-01 2023-11-30 12464178 d:OfficeEquipment 2023-11-30 12464178 d:OfficeEquipment 2022-11-30 12464178 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12464178 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12464178 d:CurrentFinancialInstruments 2023-11-30 12464178 d:CurrentFinancialInstruments 2022-11-30 12464178 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12464178 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12464178 d:ShareCapital 2023-11-30 12464178 d:ShareCapital 2022-11-30 12464178 d:RetainedEarningsAccumulatedLosses 2023-11-30 12464178 d:RetainedEarningsAccumulatedLosses 2022-11-30 12464178 c:OrdinaryShareClass1 2022-12-01 2023-11-30 12464178 c:OrdinaryShareClass1 2023-11-30 12464178 c:OrdinaryShareClass2 2022-12-01 2023-11-30 12464178 c:OrdinaryShareClass2 2023-11-30 12464178 c:OrdinaryShareClass3 2022-12-01 2023-11-30 12464178 c:OrdinaryShareClass3 2023-11-30 12464178 c:FRS102 2022-12-01 2023-11-30 12464178 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12464178 c:FullAccounts 2022-12-01 2023-11-30 12464178 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12464178 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-01 2023-11-30 12464178 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 12464178 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-30 12464178 6 2022-12-01 2023-11-30 12464178 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12464178









TAOE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
TAOE LIMITED
 
 
COMPANY INFORMATION


Directors
T McDonnell 
A F McDonnell 




Registered number
12464178



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
TAOE LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 8


 
TAOE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TAOE LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TAOE Limited for the year ended 30 November 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of TAOE Limited, as a body, in accordance with the terms of our engagement letter dated 4 January 2024Our work has been undertaken solely to prepare for your approval the financial statements of TAOE Limited  and state those matters that we have agreed to state to the Board of directors of TAOE Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TAOE Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that TAOE Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TAOE Limited. You consider that TAOE Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of TAOE Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
 

11 March 2024
Page 1

 
TAOE LIMITED
REGISTERED NUMBER: 12464178

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
202
523

Investments
 5 
31,204
4,000

  
31,406
4,523

Current assets
  

Debtors: amounts falling due within one year
 6 
-
788

Cash at bank and in hand
  
7,317
15,864

  
7,317
16,652

Creditors: amounts falling due within one year
 7 
(11,292)
(3,928)

Net current (liabilities)/assets
  
 
 
(3,975)
 
 
12,724

Total assets less current liabilities
  
27,431
17,247

Provisions for liabilities
  

Deferred tax
  
(38)
(99)

  
 
 
(38)
 
 
(99)

Net assets
  
27,393
17,148


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
27,363
17,118

  
27,393
17,148


Page 2

 
TAOE LIMITED
REGISTERED NUMBER: 12464178
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2024.






T McDonnell
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
TAOE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activity is that of medical consultancy services and the Company's principal place of activity is Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on the going concern basis.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of medical and administrative services supplied during the year.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
TAOE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years straight line
Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 5

 
TAOE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2022
480
484
964



At 30 November 2023

480
484
964



Depreciation


At 1 December 2022
172
269
441


Charge for the year on owned assets
160
161
321



At 30 November 2023

332
430
762



Net book value



At 30 November 2023
148
54
202



At 30 November 2022
308
215
523

Page 6

 
TAOE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2022
4,000


Additions
27,204



At 30 November 2023
31,204





6.


Debtors

2023
2022
£
£


Trade debtors
-
788

-
788



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
246
2,228

Other creditors
9,312
312

Accruals and deferred income
1,734
1,388

11,292
3,928



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 A Ordinary shares of £1.00 each
10
10
10 B Ordinary shares of £1.00 each
10
10
10 C Ordinary shares of £1.00 each
10
10

30

30


Page 7

 
TAOE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Related party transactions

As at 30 November 2023, the balance owed to the directors was £9,312 (2022: £312).

 
Page 8